BLP partners increased capital payments by £3.5m in 2008-09

According to the firm’s filings with Companies House, members’ capital came in at £19.8m in the 2008-09 financial year, compared with £16.3m for 2007-08.

This comes as total staffing costs – including pension and social security provisions – increased by £7m from £75.4m in 2008 to £82.2m in 2009.

The biggest single increase was in wages and salaries, which increased by almost £7m. The firm registered a growth in the total number of staff from 999 in 2008 to 1,053 in 2009.

The accounts also reveal that the firm had an average of 177 partners during the last financial year and that the highest paid member received £1.2m.

Total fee income dropped from £185m to £179m across the two years, while total profit fell from £69.1m to £53m.